Last updated August 2023
No. |
Outsourcing |
Country of |
Supervisio |
Description of outsourced service |
Purpose of the outsourcing |
1 |
Onboarding |
Ireland |
CSSF |
Support for activities relating to onboarding |
Leveraging group capabilities/raise scale effects |
2 |
HR Services |
Ireland |
CSSF |
Support for activities relating to HR management |
Leveraging group capabilities/raise scale effects |
3 |
Sanction screening |
Bermuda |
CSSF |
Sanction monitoring and risk screening |
Ensuring compliance with regulations in the context of AML |
4 |
Hosting |
Bermuda |
CSSF |
Hosting applications and client data management |
Leveraging group capabilities/raise scale effects |
5 |
Custody services |
United Kingdom |
CBI |
Provision of custody services |
Ensuring compliance with regulations in the context of custody of assets |
6 |
Custody services |
United Kingdom |
CBI |
Provision of custody services |
Ensuring compliance with regulations in the context of custody of assets |
7 |
Custody services |
India |
CBI |
Provision of custody services |
Ensuring compliance with regulations in the context of custody of assets |
8 |
Onboarding |
Ireland |
CSSF |
Support for activities relating to onboarding |
Leveraging group capabilities/raise scale effects |
9 |
Onboarding |
United Kingdom |
CSSF |
Support for activities relating to onboarding |
Leveraging group capabilities/raise scale effects |
10 |
HR Services |
United Kingdom |
CSSF |
Support for activities relating to HR management |
Leveraging group capabilities/raise scale effects |
11 |
Technical Support |
Bulgaria |
CSSF |
Technical support Apex Bulgaria |
Leveraging group capabilities/raise scale effects |
12 |
Risk Management |
Germany |
CSSF |
Ratings for customers and banks |
Ensuring legal requirements |
13 |
Infrastructure |
Luxemburg |
CSSF |
IT infrastructure services |
Leveraging group capabilities/raise scale effects |
14 |
Regulatory Reporting |
United Kingdom |
CSSF |
Transaction reporting |
Ensuring compliance with EMIR |
15 |
Regulatory Reporting |
Germany |
CSSF |
Transaction reporting |
Ensuring compliance with EMIR |
16 |
Regulatory Reporting |
Germany |
CSSF |
Transaction reporting |
Ensuring compliance with EMIR |
17 |
HR administration |
Bermuda |
CSSF |
HR administration |
Leveraging group capabilities/raise scale effects |
18 |
Calculation market risks |
United Kingdom |
CSSF |
Calculation of market price risks |
Ensuring compliance with regulations in the context of risk management |
19 |
Reconciliation |
Bermuda |
CSSF |
Reconciliation of transaction based data |
Leveraging group capabilities/raise scale effects |
20 |
Cliend verification |
Bermuda |
CSSF |
Provision of client ID verification services |
Ensuring compliance with regulations in the context |
21 |
Sanctions screening |
United Kingdom |
CSSF |
Sanctions screening and transaction monitoring |
Ensuring compliance with regulations in the context of payments execution |
22 |
Payment service |
United Kingdom |
CSSF |
Payment transaction support |
Leveraging group capabilities/raise scale effects |
23 |
RiskScreen |
Jersey |
CSSF |
Risk screening and client identification |
Ensuring compliance with regulations in the context |
24 |
Digital Ledger |
Netherland |
CSSF |
Banking ledger management service solution |
Leveraging group capabilities/raise scale effects |
25 |
PSD2 |
United Kingdom |
CSSF |
Multifactor identification solution |
Ensuring compliance with PSD2 |
26 |
PSD2 Interface |
Canada |
CSSF |
Connecitivity solution |
Ensuring compliance with PSD2 |
27 |
Telindus |
Luxemburg |
CSSF |
Hosting service |
Leveraging group capabilities/raise scale effects |
28 |
OneCollab |
Jersey |
CSSF |
IT/Application support |
Leveraging group capabilities/raise scale effects |
29 |
Depositary Oversight |
Bulgaria |
CSSF |
Support compliance with depositary function |
Leveraging group capabilities/raise scale effects |
30 |
Custody Operations |
Bulgaria |
CSSF |
Support compliance with operations of custody and settlement services |
Leveraging group capabilities/raise scale effects |
31 |
Ticketing |
Bermuda |
CSSF |
System for service request and change management |
Leveraging group capabilities/raise scale effects |
32 |
Office |
Bermuda |
CSSF |
Managed services for office administration |
Leveraging group capabilities/raise scale effects |
33 |
Regulatory Reporting |
Bermuda |
CSSF |
Automated reporting service |
Ensuring compliance with CSSF circular 20/747 |
34 |
Planning |
Bermuda |
CSSF |
Relationship management administration application |
Leveraging group capabilities/raise scale effects |
35 |
Governance.com |
Bermuda |
CSSF |
Asset verification application |
Ensuring compliance with regulations in the context of depositary oversight/Leveraging group capabilities/raise scale effects |
36 |
DRP/BCP |
Luxemburg |
CSSF |
Provision of DRP and BCP service |
Ensuring compliance with regulations in the context of DRP-BCP/Leveraging group capabilities/raise scale effects |
37 |
HR Services |
Malta |
CSSF |
Support for activities relating to HR management |
Leveraging group capabilities/raise scale effects |
38 |
HR administration |
Bermuda |
CSSF |
HR administration |
Leveraging group capabilities/raise scale effects |